Unit Information
Owner occupants, investors, contractors, and developers take notice! 61 Mason Street presents a rare opportunity to own a two-family in a highly convenient Salem location with significant potential to build equity and add value. Live in one unit and offset your mortgage with rental income, while enjoying the benefits of homeownership and long-term investment potential. The existing two-family layout, along with additional space in the attic, provides flexibility for future use or improvements. Investors will also appreciate the opportunity to grow their portfolio and unlock additional value. Ideally situated just a quick walk from vibrant downtown Salem, the commuter rail, waterfront, restaurants, shopping, parks, and museums, while remaining outside the busiest tourist areas. For those looking toward the future, the property was previously approved for a five-unit development plan, offering buyers the opportunity to explore similar redevelopment potential, subject to current approvals and buyer due diligence. Whether you're looking for a home with rental income, an investment property, or a larger development opportunity, 61 Mason Street offers a unique range of possibilities.
- Additional Details
- Status: New
- Type: Multi-Family, Multi Family
- Zip Code: 01970
- Levels: 2
- Parking
- Garage Capacity: 3
- Parking: Paved
- Parking Spaces: 3
- Rooms and Dimensions
- Total Units: 2
- Total Floors: 2
- Total Rooms: 6
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$649,000
- Status: New
- Listing ID: 73588049
- Bedrooms: 2
- Full Baths: 2
- Living Area: 1,874 sqft Convert
- Lot Size: 5,850 sqft Convert
- Acres: 0.13
View description
Luxury Residential Group
(617) 233-5800
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When you are ready, please contact us and we will put our unrivaled knowledge of the Boston real estate market to work for you. Whether you are buying a luxury condo or renting a luxury apartment, we pledge to make your experience as stress free and enjoyable as possible.
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |